Sunday, April 15, 2012

Romney's Looking Glass


Rick Santorum's win in Louisiana reiterates concerns that people are not ready to coalesce around Mitt Romney, even though, Romney won 27% of the vote in Louisiana compared with the 49% that Santorum won. In fact, several of Romney's opponents have pointed out details about him that would compel voters to vote against him in the general election. For example, when he was still trying to get the G.O.P. nomination Rick Perry accused Mitt Romney of "vulture capitalism;" Around the same time Newt Gingrich criticized Romney's Cayman Island accounts; and recently Eric Fehrnstrom, Romney's own political advisor, said that the former Governor of Massachusetts' campaign will be like an Etch a Sketch when it transitions to the general election. Nate Silver, the blogger who makes projections based on polls, makes an interesting point that as voters get to know Romney they like him less, therefore, Silver's comment implies there is still "an anyone, but Romney" candidate people want.

Sunday, March 4, 2012

Closet Keynesian


Recently on a post, Frank Schaeffer cited the renown Economist Paul Krugman as a critic of Obama. I don't recall reading Krugman criticising Obama in any op-ed as of late and am not sure how to take the journalist's writing because he is on President Obama's side, yet he's incorrectly juxtaposing Krugman with Mitt Romney, a candidate for the G.O.P. Nomination, as critics of the President. In fact, Schaeffer acknowledges Krugman's work, yet he claims that, 
Both [Krugman and Romney] have often loudly predicted that he [Obama] made the economy worse and was putting America on the wrong economic path. Both are being proved wrong by the economic comeback we are in.

Monday, January 30, 2012

Economic Austerity


Paul Krugman released a post on his blog about how austerity does not work because spending helps keep jobs, rather, than using a laissez-faire approach that leads to massive unemployment during recessions. Krugman appeals to a National Institute of Economic and Social Research think tank who claims that:
Britain is doing worse this time than it did during the Great Depression. Four years into the Depression, British G.D.P. had regained its previous peak; four years after the Great Recession began, Britain is nowhere close to regaining its lost ground.